DT Cloud Star Acquisition (NASDAQ:DTSQ) Trading Up 0.9% – Time to Buy?

DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ) shot up 0.9% during mid-day trading on Wednesday . The company traded as high as $10.81 and last traded at $10.80. 3,455 shares were traded during mid-day trading, a decline of 42% from the average session volume of 5,932 shares. The stock had previously closed at $10.70.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of DT Cloud Star Acquisition in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

DT Cloud Star Acquisition Stock Performance

The company has a 50 day simple moving average of $10.74 and a 200 day simple moving average of $10.56.

DT Cloud Star Acquisition (NASDAQ:DTSQ) last announced its earnings results on Wednesday, November 5th. The company reported $0.09 earnings per share for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Berkley W R Corp raised its holdings in DT Cloud Star Acquisition by 69.5% during the third quarter. Berkley W R Corp now owns 673,926 shares of the company’s stock worth $7,049,000 after purchasing an additional 276,278 shares in the last quarter. Wealthspring Capital LLC increased its position in DT Cloud Star Acquisition by 1,284.4% during the 2nd quarter. Wealthspring Capital LLC now owns 247,800 shares of the company’s stock worth $2,572,000 after purchasing an additional 229,900 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in DT Cloud Star Acquisition by 100.0% during the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 232,000 shares of the company’s stock worth $2,408,000 after purchasing an additional 116,000 shares during the period. Gabelli Funds LLC raised its stake in shares of DT Cloud Star Acquisition by 100.0% during the 2nd quarter. Gabelli Funds LLC now owns 168,000 shares of the company’s stock worth $1,744,000 after buying an additional 84,000 shares in the last quarter. Finally, Clear Street Group Inc. purchased a new position in shares of DT Cloud Star Acquisition during the 3rd quarter worth approximately $792,000.

About DT Cloud Star Acquisition

DT Cloud Star Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2022 and is based in Brooklyn, New York.